1.

The monthly per capita expenditure incurred by workers for an industrial centre during 1985 and 2008 on the following items are given below. The weights of these items are 70, 16, 9, 3 and 2 respectively. Prepare a weighted index number for cost of living for 2008 with 1985 as the base. ItemsPrice in 1985Price in 2008Food50100Clothing4050Fuel and lighting4560House Rent3040Misc3565

Answer»

The monthly per capita expenditure incurred by workers for an industrial centre during 1985 and 2008 on the following items are given below. The weights of these items are 70, 16, 9, 3 and 2 respectively. Prepare a weighted index number for cost of living for 2008 with 1985 as the base.

ItemsPrice in 1985Price in 2008Food50100Clothing4050Fuel and lighting4560House Rent3040Misc3565




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